Xponance Inc. Increases Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Xponance Inc. raised its stake in Arrow Electronics, Inc. (NYSE:ARW) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,331 shares of the technology company’s stock after buying an additional 918 shares during the quarter. Xponance Inc.’s holdings in Arrow Electronics were worth $942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARW. Victory Capital Management Inc. increased its position in Arrow Electronics by 2.6% during the third quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company’s stock worth $2,720,000 after purchasing an additional 517 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth approximately $204,000. Charles Schwab Investment Management Inc. raised its position in shares of Arrow Electronics by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $64,281,000 after buying an additional 10,340 shares during the period. Cerity Partners LLC lifted its holdings in Arrow Electronics by 140.4% in the third quarter. Cerity Partners LLC now owns 12,034 shares of the technology company’s stock valued at $1,598,000 after acquiring an additional 7,028 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its position in Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after acquiring an additional 108 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Austen acquired 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

Arrow Electronics Price Performance

ARW stock opened at $104.24 on Monday. The business’s fifty day moving average price is $110.71 and its 200 day moving average price is $119.00. Arrow Electronics, Inc. has a 12-month low of $101.78 and a 12-month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.44 billion, a PE ratio of 14.32, a P/E/G ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, sell-side analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARW. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.25.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.